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Post by oppsididitagain on Jan 11, 2021 14:20:08 GMT
1.10 / 1.30 in 7K.
Only last week I managed to invest 10K above 2%
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Post by oppsididitagain on Jan 11, 2021 15:06:53 GMT
its just moved to 1.50 / 1.60. 7K. /. 20K ++
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ashtondav
Member of DD Central
Posts: 1,814 
Likes: 1,092
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Post by ashtondav on Jan 11, 2021 17:28:18 GMT
At rates under 1.5% I imagine everyone who wants out is out therefore very few sellers left, but quite a few buyers after those comparatively juicy yields.
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Post by oppsididitagain on Jan 11, 2021 19:01:16 GMT
1.10 / 1.30 % in 10K.
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tjtl
Posts: 232
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Post by tjtl on Jan 12, 2021 7:46:42 GMT
Sold £14,700 at a 1.2% discount- very glad I didn't bail out at the 8% discounts of a few months ago (and indeed bought a bit at a 6% discount- but not trying to trade my holdings- just managing risk).
For all the criticism that AC have received I am slightly surprised, and pleased, that we are where we are. I still have over £200k on the platform, but am feeling much happier in seeing proof that the secondary market is (for the time being at least) working without charging usurious rates.
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Post by oppsididitagain on Jan 12, 2021 16:02:58 GMT
Sold £14,700 at a 1.2% discount- very glad I didn't bail out at the 8% discounts of a few months ago (and indeed bought a bit at a 6% discount- but not trying to trade my holdings- just managing risk). For all the criticism that AC have received I am slightly surprised, and pleased, that we are where we are. I still have over £200k on the platform, but am feeling much happier in seeing proof that the secondary market is (for the time being at least) working without charging usurious rates. 1.10 / 1.30. in 10K.
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ashtondav
Member of DD Central
Posts: 1,814
Likes: 1,092
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Post by ashtondav on Jan 13, 2021 18:22:53 GMT
Blimey!At this rate they'll be selling at a premium soon. All the doubters must be out, now.
I feel for those poor (now poorer) sceptical 8% sellers...
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rscal
Posts: 985
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Post by rscal on Jan 13, 2021 20:22:26 GMT
It's been to as low as 1/1.1 but the fact it has got there again quickly does suggest continued narrowing..
(...Meanwhile Assetz hoards the 'fighting fund' with nothing significant in the way of par withdrawal servicing today.)
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TitoPuente
Member of DD Central
Posts: 624
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Post by TitoPuente on Jan 13, 2021 20:44:07 GMT
Blimey!At this rate they'll be selling at a premium soon. All the doubters must be out, now.
I feel for those poor (now poorer) sceptical 8% sellers...
Historically there are plenty of subscribers to the buy-high-sell-low doctrine. A few of them could not even spell the gerund panicking.
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dead-money
Rocket to the Moon
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Likes: 654
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Post by dead-money on Jan 13, 2021 21:16:03 GMT
Blimey!At this rate they'll be selling at a premium soon. All the doubters must be out, now.
I feel for those poor (now poorer) sceptical 8% sellers...
One assumes many of those were forced sellers, needing the money urgently due to circumstances.
AC have been strangely quiet since the New Year, no boosterism on here, Seedrs, not even P2P finance news puff pieces.
So one wonders what tangential move waits in the wings.
I'm still awaiting new lending to start before putting any fresh funds in.
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tjtl
Posts: 232
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Post by tjtl on Jan 18, 2021 15:28:02 GMT
Just sold a further £10k at 1.2% discount. Good to see the discounts remaining tight. Putting the cash into emerging market equities- hope to make back the 1.2%in short order! Best regards to all, we have been through a lot.
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Post by Harland Kearney on Jan 18, 2021 17:50:24 GMT
Blimey!At this rate they'll be selling at a premium soon. All the doubters must be out, now.
I feel for those poor (now poorer) sceptical 8% sellers...
As someboy who sold around the 6% mark (my non-ISA wrapped funds) yes it is unfontunate. However, needing to reduce my exposure to a Peer to Peer company in distress took presidence over what was a few hundread quid to exit to be able to sleep better, but what could possibly (from the bottom of the forum) turned into 10,000's of losses seemed like a wise move. I really don't think that peoples concerns 6 months ago were invalid, or are invalid today. Even with the sub 1% discount we are seeing. But if you were to put me in the same postion again, when you weigh up the issues of Peer to Peer companies in distress, taking the 5-6% loss over the possible 50% loss looked attractive. I subscribe to the mantra that if you have to deeply question a investment you shouldn't be holding it in the first place, this has served me well on the market and I think it holds true in P2P. I am still invested in Peer to Peer with AC, just not any exposure over 10% of my greater portfolio. I'm a big fan of Loan Pad at the moment. I would say that comparing the "panic selling" seen on the stock market to this Peer to Peer market are two diffrent things, I would say that the risk here was 10x greater of complete capital loss at Assetz Capital than the market crash in early 2020. I invested funds (and funds that I sold from AC) into the market and I am up 30%, not something even flippers could say for AC right now. On a brighter note, my ISA exposure I intend to hold in the 90 daa for the foreseeable future, I may reduce exposure or sell into cash to transfer out. I am not overly optimistic on AC, but I am also not as pessmisitic. It is also good in general to see discounts low, thrus my investments I still hold here are technically recovering its value? AC AA SM is most certainly the strangest P2P invention this year!
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ian
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Post by ian on Jan 18, 2021 19:27:54 GMT
Blimey!At this rate they'll be selling at a premium soon. All the doubters must be out, now.
I feel for those poor (now poorer) sceptical 8% sellers...
As someboy who sold around the 6% mark (my non-ISA wrapped funds) yes it is unfontunate. However, needing to reduce my exposure to a Peer to Peer company in distress took presidence over what was a few hundread quid to exit to be able to sleep better, but what could possibly (from the bottom of the forum) turned into 10,000's of losses seemed like a wise move. I really don't think that peoples concerns 6 months ago were invalid, or are invalid today. Even with the sub 1% discount we are seeing. But if you were to put me in the same postion again, when you weigh up the issues of Peer to Peer companies in distress, taking the 5-6% loss over the possible 50% loss looked attractive. I subscribe to the mantra that if you have to deeply question a investment you shouldn't be holding it in the first place, this has served me well on the market and I think it holds true in P2P. I am still invested in Peer to Peer with AC, just not any exposure over 10% of my greater portfolio. I'm a big fan of Loan Pad at the moment. I would say that comparing the "panic selling" seen on the stock market to this Peer to Peer market are two diffrent things, I would say that the risk here was 10x greater of complete capital loss at Assetz Capital than the market crash in early 2020. I invested funds (and funds that I sold from AC) into the market and I am up 30%, not something even flippers could say for AC right now. On a brighter note, my ISA exposure I intend to hold in the 90 daa for the foreseeable future, I may reduce exposure or sell into cash to transfer out. I am not overly optimistic on AC, but I am also not as pessmisitic. It is also good in general to see discounts low, thrus my investments I still hold here are technically recovering its value? AC AA SM is most certainly the strangest P2P invention this year! Funny I never saw AC as an investment; just a form of bank account. That said out of adversity I have diverted a good few quid into BridgeCrowd / Somo where all my 30 plus loans are 1st charge, averaging LTV sub 50% (won’t loan at over 60%) average interest 9% - & they’ve not a penny lost, and are very liquid. Loan pad - I hadn’t heard of prior to your post - but appears to be something to replace MARCUS as my go to ‘Bank Account’. As regards the Markets since the 90s I’ve been fortunate enough to be able to invest my full ISA allowance in funds. My positioning in technology & Biotechs has paid huge dividends - that said I think the markets are overpriced, however said I said that 18 months ago.
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Post by inandout on Jan 18, 2021 19:44:22 GMT
I'm new to the forum and have question about AC. I have only invested £1k at AC to get the sign up bonus. I have now sold £800 at 1.1% discount. I still have £110 on Property Secured Account (Standard) and £90 at Great British Business Account (Series 2) (Standard)
Am I able to sell those loan at discount? |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
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Post by ilmoro on Jan 18, 2021 19:54:34 GMT
I'm new to the forum and have question about AC. I have only invested £1k at AC to get the sign up bonus. I have now sold £800 at 1.1% discount. I still have £110 on Property Secured Account (Standard) and £90 at Great British Business Account (Series 2) (Standard)
Am I able to sell those loan at discount? No. Exit from those withdrawn accounts are subject to loan redemptions or PF payments on defaulted loans.
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